KeyCorp (NYSE:KEY) Stock: A Value Gem With Upside Catalysts

Taking into account all relevant factors, KeyCorp (NYSE:KEY) scores 56.% Buy on the technical side. The share price is also flashing a Sell from the Barchart TrendSpotter trading system. Investors starting out on a short-term path of investing should know that short terms indicators for KEY averaged 50% Buy with an average daily trading volume over the past 20 days at 7652179 shares. Those using medium-term investment strategies, the shares have overall a 0.5% Buy signal while the 50-day average daily volume remained almost 7955184 shares. It’s also important to note that the stock, whose average daily volume over the 100 days as of this piece was 8571813 shares, is signaling100% Buy for long term investors.

The stock is lingering around the initial support level of $19.05. After this, the following support is at the zone of $18.93. Up until the time the KEY stock hit levels beyond the current one, bulls should have no alarm. In terms of its momentum, the stock’s RSI hit 38.69 on the daily chart, and this may be a cause for comfort. In case the price goes below $18.93 level on closing basis, there may be more profit booking with the stock growing weaker. Still, getting to the $19.31 level may cause a pull-back move approaching $19.45 mark.

KeyCorp (KEY) is most likely going to rise 11.95 percent in the coming 12 months, as per price target approximations compiled by finviz. Nevertheless, they have set the price target at a $23.5 as 12-month high price target. This represents a whopping 22.14 percent increase from the current trading price of shares. The 52-week median price target given by the analysts is $22, which means a return possibility of 14.35 percent in comparison with the closing price of the stock of $19.24 in recent trading session. The lowest price set for the stock is $19 which is just above -1.25 percent from KEY share’s price at the end of session.

Let’s take a glimpse at some insider activity at KeyCorp (NYSE:KEY) and observe the pattern. The earliest insider trade happened on 12/13/2019. Schosser Douglas M parted with a total of 8.48 thousand shares of the firm at average share price of $20.04. The total amount for the sale was set at $169.96 thousand. On completing this exchange, the Chief Accounting Officer account balance was 36.91 thousand shares. The stock lost -3.84 percent from that insider sale. On 11/11/2019, Brady Amy G., Chief Information Officer, did a sale of 15.76 thousand shares at a price of $19.27 per share. This got rid of 303.62 thousand shares from the insider’s fortune and the stock experienced a 0 percent retreat in price since the news became public. This exchange saw 95.43 thousand shares get out from the Chief Information Officer account. On 10/29/2019, General Counsel Harris Paul N recorded a sale transaction valued at $3.21 million. The sale at $18.5 a share has eliminated 173.78 thousand shares from the insider’s portfolio position. Meanwhile, shares price witnessed 4.16 percent increase since the transaction reporting date. The company insider is left with 73.34 thousand shares remaining in the account. Evans Trina M, who works as Director, Corporate Center at the company, performed a sale of 25.44 thousand shares in a transaction worth $465.99 thousand. The disposal recorded on 10/28/2019 was priced at $18.32 per share. The stock price soared 5.19 percent since the transaction. Evans Trina M currently holds a stake of 83.24 thousand in KEY stock which is worth $1.6 million after the insider selling.

In the recent trading session, KeyCorp (NYSE:KEY) shares gained 0.37% or 0.07 points to reach at $19.24 with a thin trading volume of 823.221 thousand shares. It opened the trading session at $19.31, the shares rose to $19.33 and dropped to $19.07, the range by which the price of stock traded the whole session. The company now has a market cap of $19.1 billion and currently has 997.11 million outstanding shares. KeyCorp (KEY) stock has plunged -4.44 percent of market value in 21 trading days.

Stock analysts at Wells Fargo cut their rating on shares of KeyCorp (NYSE:KEY) from Equal Weight to a new rating of Underweight in their opinion released on January 06. Wedbush analysts bumped their recommendation on KEY stock from prior rating of Neutral to Outperform in a separate flash note to investors on December 20. Analysts at Robert W. Baird downgraded the company stock to a Neutral call from its previous Outperform stance, in a flash note that dated back to November 06.

KEY stock’s trailing 3-year beta is 1.3, meaning there will be a greater rate of return, although posing a higher risk. The part of a firm’s profit given to each outstanding share of regular stock was $1.61 share in the trailing 52 weeks. The stock’s value fallen -5.29 percent year to date (YTD) compared to a rise of 17.54 percent in 52 week’s period. The firm’s shares are still trading -6.26 percent below its 1-year high of $20.52 and 29.82 percent up from 52-week low of $14.82. The average consensus ranking on the company is 2.3, on a ranging where 5 is equal to a consensus sell rating. In other words, the mean analyst recommendations are ranking this stock as a sell.

KeyCorp (KEY) shares are trading at a P/E ratio of 12.03 times earnings posted in the trailing 12 months. The industry KEY deals with has an average P/E of 14.07. Its P/B ratio is standing at 1.34X compared to the 1.52 industry average. It is additionally sporting a 2.29 on the Price-to-Sales ratio, compared to the industry’s P/S average of 0.75.

Past records have indicated that shares in KeyCorp rose on 21 different earnings reaction days and we have yet to see whether this trend will play out and remain in place when the company reports upcoming earnings.